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Finance Offer – THB Foreigner Mortgage Finance

12 Jun 2013 0

50% finance available for finished villas and condos

THB Foreigner Mortgage Finance

Whether you are looking to purchase a Condominium or a Luxury Villa here on the palm drenched island of Koh Samui, we have direct access to one of Thailand’s biggest lenders to expatriates. Based in Bangkok and publicly listed, The lender can offer finance available to foreigners for up to 60% of the purchase price or valuation, which ever is the lower.

Typical terms and conditions which could be expected are:

Condo

  • 1.25% Lender Fee
  • 2.00% Margin Interest Rate (Benchmark Thanachart Bank MLR indicative 7.375%)
  • 1.00% Government Mortgage Registration
  • 0.05% Stamp Duty
  • Up to 10 Years Term with No work permit or Residence required
  • Up to 50% loan to value
  • Fire Insurance Required
  • Life Insurance Optional

Villa/Land/House

  • 1.50% Lender Fee
  • 5.625% Margin Interest Rate (Benchmark Thanachart Bank MLR indicative 7.375%)
  • 1.00% Government Mortgage Registration
  • 0.05% Stamp Duty
  • Up to 3 Years Term with No work permit or Residence required (Note we may be able to offer longer)
  • Up to 60% loan to value
  • Fire Insurance Required
  • Life Insurance Optional

The approval can be granted upon receipt of all required documents (including a valuation report for completed projects) and money can be dispersed within a matter of weeks. The only fee which may be incurred prior to approval, is the cost of a valuation report where a copy (in Thai) is made available to you and perhaps, an inspection fee of up to THB 10,000 if the property is not already pre-approved by the lender).

If you already own property in Thailand and would like to release cash or refinance, this service is also available under the same terms and conditions. This may perhaps help you relieve a cash flow in order to purchase some more property with us…..

For more information about Foreigner Mortgage Finance options, please contact us with your details and we will be happy to put you in touch.

Any questions?

Contact Craig Beechey for more information.

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